EFT News

Thursday, December 13, 2012
EFT completes financial close for the Stanari TPP project

The first drawdown of funds under the China Development Bank (CDB) credit facility for the development of the Stanari thermal power plant (TPP Stanari) was executed on 13th December 2012. 

EFT and CDB agreed a EUR 350 million facility in June this year to finance the construction of the 300 MW Stanari TPP. This is the largest credit facility agreed by a private enterprise in Bosnia and Herzegovina to date. The project value is over EUR 500 million. EFT will finance the remaining sum from own equity.